But now that the Los Angeles Dodgers need cash Selig is lending Frank McCourt's debt-burdened team $150 million at a reported 7%. Are the Dodgers really twice as risky as HSG? No way. Not with a huge television deal on the horizon for the Dodgers.

Of course, there is the likelihood that HSG's creditors bid down the MLB loan because baseball is first in line when it comes to getting repaid on debt, so the cheaper the MLB loan the more money HSG's other creditors would recoup. But if that was the case, then why haven't the team's big lenders, like Bank of America, done the same thing with the Dodgers?